Wilfs Appear To Lead Race For MLS In Minneapolis Butler To Debut Hinkle Fieldhouse Upgrades College Facility Notes NBA Kings Begin Arena Construction Second Vegas Arena Eyes NBA Team Churchill Downs Adding VIP Area For Owners EverBank Field Adds On New Seats For UF-UGA Cowboys, Omni To Build Hotel At Team's New HQ Facility Notes Global Spectrum, Sears Centre Extend Deal
Upcoming Conferences and Events
BABY STEPS: TWO MAJOR AGREEMENTS HAVE HOUSTON PARK CLOSE
Published December 4, 1997
The Harris County Houston Authority took "two major steps" Wednesday toward ensuring that the cost of a new downtown ballpark will not exceed $250M, according to John Williams of the HOUSTON CHRONICLE. The authority "unanimously approved" a contract for "up to" $17.85M with K.C-based architects HOK and others to design the retractable roof stadium. The authority also unanimously approved a "tentative" deal with Houston-based Brown & Root to build the park for "no more than" $229.5M, with the firm and the authority to "share any savings equally." Brown & Root will get a "guaranteed" $7.5M to manage construction of the facility and, "in return, will guarantee any cost overruns." A final contract with Brown & Root is "likely to be approved" by December 15 (HOUSTON CHRONICLE, 12/4).